by Industrial Guide | Jun 13, 2025 | I - News
Common Causes of Cost Overruns Unexpected expenses during site development often result from scope changes, inaccurate estimates, or unforeseen site conditions. Poor soil, drainage issues, or utility conflicts can require additional earthwork or redesign Material...
by Industrial Guide | Jun 13, 2025 | I - News
Property Taxes Annual taxes are levied by the local municipality or panchayat based on land usage, location, and assessed value. Typical rate: 1% to 2% of the assessed land value per year For land valued at ₹3 crore, annual tax ranges from ₹3 lakh to ₹6 lakh...
by Industrial Guide | Jun 13, 2025 | I - News
Property and Asset Insurance This policy protects physical structures, infrastructure, and built-up facilities against damage or loss due to fire, natural disasters, or vandalism. Standard fire and perils policy covers buildings, electrical systems, roads, and fencing...
by Industrial Guide | Jun 13, 2025 | I - News
Typical Improvement Scope Per-acre improvement costs include all major site development elements such as grading, utilities, internal roads, fencing, lighting, drainage, and basic infrastructure. Covers site clearing, earthwork, internal access, and utility connection...
by Industrial Guide | Jun 13, 2025 | I - News
Standard Contingency Allocation A contingency budget accounts for unexpected costs such as delays, price hikes, or design changes. It is a critical buffer in project planning. Typically ranges from 5% to 10% of the total project cost Used to manage risks without...
